HB1723 - Tennessee: Pensions And Retirement Benefits, State Employees

Companion Bill SB1984. Pensions and Retirement Benefits - Broadens authorized uses of annual leave, compensatory leave, and sick leave upon retirement. - Amends TCA Title 8. Fiscal Summary for *HB1723 / SB1984 Increase State Expenditures - Net Impact - Exceeds $25,000,000 Increase Local Govt. Expenditures* - Net Impact - Exceeds $30,000,000 Other Fiscal Impact - Increase Federal/Other Expenditures - Exceeds $5,000,000 Bill Summary for *HB1723 / SB1984 Present law provides that upon retirement, any teacher or state employee or any state university and community college system or University of Tennessee employee member who has accumulated sick leave will be credited with such accumulated sick leave as creditable service. This bill provides that in lieu of creditable service, a person with accumulated sick leave [...]

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